Hey Sonicade, I just wanted to make sure it was OK for me to do this -- (Since I am using a dinosaur computer). Can I process some effects from samples from the samplepack in a wav editor (EQ, reverb, etc) and then import them into the tracker?

In the spirit of VST effects for this round go for it! In an ordinary round it might be considered outside the tracker. For this round, inside the tracker or out, effects are allowed. Just list which ones you used in a txt file. Eg: Audacity EQ, Reverb.